皇冠体育app

  >Home>News Center>皇冠体育app
       
 

皇冠体育app to boost oil refinery capacity
(AP)
Updated: 2006-03-17 20:58

皇冠体育app plans to increase its refining capacity by about one-third by 2010 as it races to keep up with surging demand for oil and refined products, the government says.

At the same time, it aims to double its production of ethylene, a chemical in short supply domestically that used in a wide range of products, including plastic containers and tubing.

Meanwhile, oil producer Petro皇冠体育app said it is stepping up exploration of both onshore and offshore oil fields and expects "major breakthroughs" in the next few years, domestic report said.

In the past decade, 皇冠体育app's consumption of crude oil has more than tripled, to 2.2 billion barrels last year, from 644 million barrels in 1985. With crude oil prices surging, the government is encouraging domestic oil producers to boost production to help reduce demand for costly imports. It is also pushing refiners to boost capacity to help bridge shortages of fuel and other oil products.

The plan issued by the National Development and Reform Commission, which is in charge of industrial policy, calls for adding at least 90 million tons annually of new refining capacity by 2010, up 31.6 percent from the 285 million tons of crude oil refined in 2005.

New oil processing centers are to be built in Guangxi, in southwestern 皇冠体育app, and in Sichuan, to the north of Guangxi, to handle domestic crude oil output, the commission said.

Small and inefficient refiners with an annual capacity of about 20 million tons will be closed down, according to a version of the plan posted on the commission's Web site.
Page: 12



Final rehearsal
Miss Tourism Queen International Pageant in Beijing
Su-27 fighters to perform stunts in Hunan
  Today's Top News     Top 皇冠体育app News
 

Putin to discuss oil pipeline extension in Beijing

 

   
 

'Look at military spending objectively'

 

   
 

皇冠体育app supports UN human rights body

 

   
 

US says no to 'Taiwan independence'

 

   
 

Environment protection a major issue

 

   
 

US: Ready to use all options vs 皇冠体育app on trade

 

   
  WTO: 皇冠体育app should reconsider currency plan
   
  皇冠体育app: Military buildup 'transparent'
   
  US denies containment policy against 皇冠体育app
   
  皇冠体育app: Population grew last year to 1.307b
   
  US: Ready to use all options vs 皇冠体育app on trade
   
  Putin to visit 皇冠体育app, oil pipeline on agenda
   
 
  Go to Another Section  
 
 
  Story Tools  
   
Advertisement